Data I/O Corp (DAIO) News & EventsDAIONews & EventsData I/O Corp

Selling Stockholders Plan to Sell 4.69M Shares of Common Stock

This filing relates to the offer and sale from time to time by the selling stockholders of up to 4.69M shares of common stock. The company is not selling any shares under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.

Data I/O Plans to Acquire IAR Embedded Software Security Assets

Data I/O and I.A.R. Systems jointly announced that Data I/O has entered into a non-binding LOI to acquire the embedded software security IP and related assets from IAR. Financial terms of the transaction and anticipated timing were not disclosed. The intended transaction between Data I/O and IAR includes, among other assets, software and source code, hardware, intellectual property, engineering infrastructure, manufacturing equipment, and certifications. Following the closing, Data I/O will take full ownership of customer support for these products going forward. "This acquisition is a natural next step in our evolution of becoming a highly valued supplier for the semiconductor supply chain," said William Wentworth, president and CEO of Data I/O Corporation. "Our February collaboration showed how well IAR's embedded software security technology fits with our programming and provisioning platforms. As we advance our future provisioning platform the acquisition of the IP, HSM design gives Data I/O the ability to design Security provisioning into our core platform as opposed having to integrate multiple third-party products. Secure provisioning uses the same infrastructure as Data provisioning, algorithm-based delivery system. Our Data provisioning platform is a natural extension for secure provisioning. The acquisition just makes sense for our roadmap and the ability to move faster for our customers, while our commercial partnership with IAR continues, giving customers the same integrated path from embedded design through high-volume, secure manufacturing. Together with our platform and Programming-as-a-Service strategy, this will give Data I/O a complete, differentiated security provisioning offering with a strong regulatory tailwind ahead of the EU Cyber Resilience Act."

Data I/O Signs Letter of Intent to Acquire Semiconductor Manufacturer

Data I/O announced the execution of a letter of intent to acquire a manufacturer of semiconductor handling and packaging solutions. Upon closing of the transaction, the acquisition is expected to nearly double the annual revenues of Data I/O as well as be accretive to earnings and cash flow. Data I/O expects to fund this acquisition with a combination of cash and equity for total consideration of approximately $23M. The equity component will consist of up to $3M of the company's common stock based on future performance of the acquired business. The closing of the transaction, expected before the end of the Company's third quarter, is subject to completion of definitive documentation as well as customary closing and financing conditions, regulatory approvals and additional due diligence. Additional deal terms will not be disclosed.